Accounting and bookkeeping services

The market for accounting and bookkeeping services in the Eastern Cape is worth about R34.5 million, which is a decent size. However, it's not growing, with zero year-on-year growth, so you'll need to compete for a share of the existing pie. The market is relatively uncrowded, with only 9 suppliers currently serving 11 government departments, which could be a favourable situation for your business. Your B-BBEE level will also be important, as the government aims to allocate a portion of the spend to black-owned, women-owned, and youth-owned businesses, with black-owned businesses getting about 7% of the allocation. If I were you, I'd focus on building relationships with the 11 departments, such as the Department of Education and the Department of Health, to increase your chances of securing a contract.